What Happens When China Goes “Gray”?
Read Full Article>>> http://newsdoors.blogspot.com/2013/01/guest-post-what-happens-when-china-goes.html
What Happens When China Goes “Gray”?
Developed economies are beginning to struggle with aging populations and more retirees. China may soon join them.
As China’s major trading partners try to control rising public pension and health care costs, they may not realize they also have an important stake in China’s ongoing struggle to fashion a safety net for its own rapidly aging population. Many observers assume China has no pensions or healthcare insurance for the 185 million people over the age of 60 (13.7% of population), the highest official retirement age for most workers. They may well believe this explains why Chinese families save so much–more than 30% of household income–and therefore spend less on consumer goods, including imports from trading partners.
Read Full Article>>> http://newsdoors.blogspot.com/2013/01/guest-post-what-happens-when-china-goes.html
